St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-15
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat Was
Rather Dull and the Feeling
Weaker.
There Were Few Outside Orders and Some
what LESS Doing on Local
Account.
The Visible Supply Showed Quite a
Decrease, but Receipts Were
Good.
Transactions in the Financial Circles
of Wall Street--G eneral
Quotations.
Special to the GLOBE.

CHICAGO, March IA very large specu-
lator, who has had his ups and downs in this
market, but whose opinion is worth as much
as anybody's, says: There has been great
ado about the buying of this wheat There
are bugbears here who have been hurt in
pocket, and there are other bugbears, who,
without being hurt much in pocket, have
been hurt great deal in prestige. There
are big commission men who have been dis
appointed in the distribution OF orders. They
are all very querulous. and all trying to force
the holders OF wheat 10 sell out. But why
should they sell? II they have all the money
that they need, and if they think that soc is
not an eXtraVagant price for wheat i'll May,
why should they not hold on, and why should
they not buy more If they chose? There would
not be
so MUCH SQUEALING
if there was not a big short interest, and
what is to prevent the holders advancing the
market Toe any day they please? wouldn't
the shorts have TO settle? There Is good
lot of nonsense in the complaints that are
made. Commission men who are sound are
refusing to trade because they claim the
traders won't SELL Well, what is the
board Of trade for? Can't a man buy wheat
here for May and demand the cash? Is busi-
ness 10 stop because all the trading is not on
wind" The crowd was inclined TO feel from
the very start to-day that the intervention OF
Il Sunday had been OF advantage TO the
wheat clique. 1t had given them time to
settle plans, which last week looked muddled to
outsiders. The gossip was that 1t had given
them an opportunity to look around and
select 4 new set of brokers. 1t was the
wonder of the pit last week that, when the
big "boycotters" made it hard for Kershaw u
Co and Rosenfeld Il Co. to trade, they did not
switch OF to new set OF houses
for awhile. This, it is claimed, has been
done quietly, so that while kershaw u Go.
and Rosenfeld & Co. are taking the brunt of
the kicks from the disappointed bears, other
houses are quietly piling up more wheat.
There were indications that the clique or
cliqueS were opening negotiations with some
new commission houses, which were dlctat-
ing pretty stringent conditions. A good
authority asserts, also, that there are two
long interests in this market, one sending
orders from California and the other FROM
Cincinnati. and the California crowd, al
though it has not the most wheat bought, has
decidedly the most money to buy it with.
Provisions were as dull to-day as the other
pits. The failure of Pnchofrs showed that
there were some shOeString operators in lard
and ribs who gave out the impression, to the
best of their influence, that it WAS an Armour
deal from the top to the bottom of the list in
the provision pit. His failure has dissIpated
that view.
THE ROUTINE REPORT.
CHICAGO, March 1.-THE wheat market
was rather dull and generally weaker to-day.
There were few outside orders and there was
less doing on local account than for the few
past days. The visible supply showed de-
crease of 1,515 900 bu, but the receipts were
larger, aggregating at eleven points 65S,OOO
blu. The clearngs from these points were
212.000 bu. The starting price for May de-
livery was S2%c, shade higher than the
closing on Saturday, but this proved to be
the top figure for the day. Heavy offerings
broke the market off Sic, FROM which a
rally 10 S138c occurred during the afternoon,
at which figure the market rested for the day.
There was moderate trading i'll corn, and at
times the market ruled quiet The market
opened steady, but the offerings were large
and decline to 4014c for May delivery, toll
lowed by rally to 1920 under fair buying.
Oats ruled easier but closed firm and a shade
higher than on Saturday. There was no
movement whatever in pork. The offerings
of lard were liberal at the opening and de-
cline of 10c per 100 lbs. followed, after which
the market rallied l5G11T19 ruled moderately
steady and closed at about Saturdays closing
prices. Short ribs declined % 1a@25c early in
the day, rallied a triiie and closed 10c lower.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No.2, March, opened at 163sc, closing
at zee; May. S21Sc, closing Sl5sc; June, S03sc,
closing at SG1%@bS05sc. Corn-No. .. March,
35lsc, closing at 35l5c; May, 4054c, closing at
405gc; June, 411Sc, closing at 401sG41c: July,
421sc, closing at 42c. Oats-No. 2, March,
24c. closing at 24c; May, 2Ss4c, closing at
pork, per barrel-March, S20.lO closing at
5000; May, 5000, closing at 5000; June
5000 closing at S2O5O. Lard, per 100 pounds
March, $7.371a, closing at S7.42h: May.
$3.50, closing at $T.57%; June, $3.50, closing
ut 1855 Short ribs per 100 pounds-March,
S7.95, closing at 81 .95; May, So. 121a, closing
at SS.O5; June, $S.l2h, closing at SS.07h.
Cash quotations were rs follows: Flour steady
and unchanged. Wheat-No. 2 spring, 100
IKE; No.3 spring, 72]ac; No. red, nominal.
Corn-No. 2, 352s@371%c. Oats-No 2, 24c.
Rye-No 2, SAGE. Barley-No. 2, 49A@52c.
Flax seed, prime, S1O6%. Timothy seed,
prime, Sl.S2. Mess pork. per bbl $20@20. 10.
Lard, per 100 lbs, S7.4211a. Short ribs, sides.
loose, S7.9O@7.95; dry sailed shoulders, boxed,
$6@625; short clear sides, boxed, SS.40@
S.45. Whisky, dlstillers' finished goods, per
gal, S1.1S Sugars cut loaf, 6ls@6s4c: granu-
lated, 57sc; standard "a" 51a@55sc. Re
ceipts-Flour $4,000 bbls; wheat, $4,000 bu;
corn, 100000 bu; oats, $4,000 bu; rye, LOCO
bu; barley, 5000 bu. Shpments-Fiour, IA '
600 bbls; wheat, 81, 900 blu; corn, 900 blu:
oats, $4,000 bu rye, 1000 blu; barley, %, 00C
ON. On the produce exchange to-day the
butter market was firm; creamery, 24032c
per t; dairy, 24@27c. Eggs, 1414@1454c.